【$SUI Signal】High-level oscillation, wait for a pullback to buy

$SUI 1H Bollinger Bands narrowing, price trading around 1.3268, MACD histogram continuously shrinking, buying depth is relatively weak (Bid/Ask 0.70). 4H RSI 78.59 enters overbought zone, but the upper Bollinger Band at 1.3411 has not been touched, indicating bullish momentum is weakening. Current risk-reward ratio is only 0.04, chasing higher prices carries disproportionate risk and reward, waiting for a better entry point aligns with risk control principles.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 1.3202 (Pullback to the suggested upper limit of the zone)
🛑Stop loss: 1.0409
🚀Target 1: 1.3304
🚀Target 2: 1.4269
🛡️Trade management: - Reduce position by 50% after reaching Target 1, move stop loss to break-even. If the price falls below the entry point, exit immediately.
Depth logic: 4H MACD remains bullish with a continuing golden cross but the histogram is flattening, 1H funding rate is stable at 0.01%, open interest shows no drastic change. Order book indicates slightly heavier selling pressure above, short-term needs to absorb floating positions. If the price retraces to 1.3202 and volume increases with stabilization, it can be seen as a second bullish entry opportunity.
View real-time market 👇 $SUI
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